Daily
![](https://media.dailyfx.com/illustrations/2016/05/03/eliottWaves_gold_body_gold.png)
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-“Bigger picture, gold completed a diagonal pattern (wedge) the week of February 12th. The objective from the pattern is the origin of the diagonal, which is 1392. 1307 is a good candidate for failure however.” Gold broke out a few days ago. I wouldn’t want to see price much below 1247 if the move is still higher.
For more analysis and trade setups (exact entry and exit), visit SB Trade Desk